Empowering the Green Transition - Week 29
Welcome to the first edition of Empowering the Green Transition, Codibly's weekly digest designed to keep you up-to-date on the latest trends and developments in the eMobility and renewable energy sectors. Each week, we'll bring you a concise summary of key news, enriched with insights from Codibly's team of experts.
In this inaugural issue, we delve into the world of electric vehicles, exploring significant strides made by major automakers and innovative advancements in charging infrastructure.?
Stabilizing Solar: North American Solar PPA Prices Show Signs of Balance
After years of escalating solar power purchase agreement (PPA) prices in North America, the market is finally showing signs of stabilization, with a 1% decrease from Q1 to Q2 2023, marking the first decline since Q1 2020. This shift is attributed to normalizing supply chains and the U.S. Inflation Reduction Act's support amidst previous challenges like supply chain constraints, trade disputes, and interconnection delays. However, the wind energy sector continues to face rising PPA prices due to interconnection and permitting challenges, with prices increasing 13% over Q1 and 30% year over year.
Our Expert's Comment:
"As we navigate through the complex market dynamics of the renewable energy sector, the stabilization in solar PPA prices in North America represents a significant milestone.
This promising trend, supported by policy backing and recovering supply chains, only serves to underscore that technological innovation and digital solutions play a critical role in enhancing efficiency and mitigating challenges as we shift to a greener world.”
Spencer Borison , Associate Partner @ Renewable Energy Practice, Codibly
Take another step towards a greener, more sustainable future for your business. Schedule a meeting with Spencer and learn how Codibly can help you make a difference. ??
Automakers Accelerate in the EV Race: Toyota, BMW, and Mercedes-Benz Q2 2023 Updates
Toyota, BMW, and Mercedes-Benz have all reported significant growth in electric vehicle (EV) sales for Q2 2023. Toyota's plug-in hybrid sales in the US surged by 177.7%, while BMW more than doubled its battery electric vehicle sales to 88,289 units. Mercedes-Benz USA saw a 600% jump in EV sales, with EVs now accounting for 15% of its total sales. These figures underscore the accelerating demand for EVs across major automakers.
Tesla Unveils Supercharger V4 with Integrated Payment and Display Features
Tesla is deploying its V4 Superchargers, now equipped with an integrated credit card reader and LCD screen. This new feature is expected to be particularly beneficial for non-Tesla owners, providing a universal payment method that doesn't require app installation or account creation. The first Supercharger with these capabilities was unveiled at the Goodwood Festival of Speed in Europe, aligning with the European Union's mandate for charging networks to allow direct card payments and display pricing.
Our Expert's Comment:
“The move by Tesla to open up their Superchargers to non-Tesla owners signals a growing recognition of the need for interoperability in the EV charging infrastructure""
Maciej Tokarz , Associate Partner @ eMobility Practice, Codibly
Ready to drive your business forward with innovative eMobility solutions? Book Maciej for a meeting and discover how Codibly can power your success. ??
Ecogy Energy Joins SETO's AI Initiative for Solar Cost Reduction
Ecogy Energy has partnered with Stony Brook University and Pacific Northwest National Laboratory in a U.S. Department of Energy initiative to use machine learning and AI to reduce costs in commercial and industrial solar portfolios. The team's solution, based on the open-source SolarNetwork platform, aims to enhance interoperability across devices and machine learning frameworks.
Tesla, Kia, and Chevy Make Significant Strides in EV Production
Tesla has completed the first Cybertruck at its Texas Gigafactory, potentially ahead of schedule. Meanwhile, Kia is expanding its Georgia plant with a $200 million investment to accommodate the production of its first electric three-row SUV, the Kia EV9. Chevrolet is also making strides, with the first Chevy Blazer EV model now en route to the US from General Motor’s Ramos Arizpe plant in Mexico.
DOT Launches Toolkit to Boost Urban Electric Mobility
The U.S. Department of Transportation has released the “Urban Electric Mobility Toolkit” to help communities utilize federal funding for electric vehicle infrastructure. The toolkit aims to make electric transportation more accessible, especially in larger communities, amidst the growing popularity of electric vehicles and e-bikes.